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Greenland Minerals and Energy is a stock on the move

Greenland Minerals and Energy (ASX:GGG) has received an ASX Price Query after hitting $0.089 intra-day yesterday, a 17% increase from the low of the day.
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Greenland Minerals and Energy is trading three times higher than a year ago.

Today the company is trading still at $0.089, or around three times higher than a year ago.

In a response to the ASX, the company said it is not aware of any reason for the trading activity.

GGG did however reaffirm some recent highlights and noted:

"In December 2016 the company finalised a 12.5% cornerstone investment in the company by Le Shan Shenghe Rare Earth Company Limited, a subsidiary of Shenghe Resources Holding Ltd (Shenghe).

"Shenghe’s proficiency across all aspects of the rare earth industrial chain, combined with an international growth strategy, potentially make it an ideal industrial/strategic partner for the company’s Kvanefjeld Project (rare earths, uranium, zinc).

"As previously announced, both parties will commence technical cooperation that aims to further enhance the project.

"This will be conducted in parallel to project permitting that is currently progressing in Greenland."

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